Victoria Group 4, Lugazi
Patrick works so hard for his business to increase as he hopes to become the biggest supplier of fish around the region and his determination and hard work, in addition to the loans for increased capital, will take him there. He needs a loan to be able to buy more fish for resale.
(One of the ladies squatting in a black sharia with a yellow and white robe appears in another subgroup since in this photo, her face is not very clear.)
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid